Nordson Corporation (NASDAQ:NDSN) Declares Dividend Increase - $0.82 Per Share

Key Points

• Nordson Corporation declared a quarterly dividend of $0.82 per share, marking a 5.1% increase from its previous dividend of $0.78.
• The company has a dividend payout ratio of 29.1%, indicating that its dividend is well covered by earnings, with an expected future payout ratio of 28.7%.
• Nordson stock opened at $224.86 and has recently received updated price targets from various analysts, including Oppenheimer raising it to $275.00 with an "outperform" rating.

Nordson Corporation (NASDAQ:NDSN - Get Free Report) declared a quarterly dividend on Thursday, August 28th, RTT News reports. Stockholders of record on Thursday, September 11th will be paid a dividend of 0.82 per share by the industrial products company on Thursday, September 25th. This represents a c) annualized dividend and a dividend yield of 1.5%. This is a 5.1% increase from Nordson's previous quarterly dividend of $0.78.

Nordson has a dividend payout ratio of 29.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Nordson to earn $10.89 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 28.7%.

Nordson Stock Performance

Shares of NASDAQ:NDSN opened at $224.86 on Thursday. The company's 50 day simple moving average is $217.27 and its 200 day simple moving average is $206.99. The stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of 28.26, a price-to-earnings-growth ratio of 1.72 and a beta of 0.89. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.11. Nordson has a 1 year low of $165.03 and a 1 year high of $266.86.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its earnings results on Wednesday, August 20th. The industrial products company reported $2.73 earnings per share for the quarter, topping analysts' consensus estimates of $2.63 by $0.10. The firm had revenue of $741.51 million for the quarter, compared to analysts' expectations of $724.04 million. Nordson had a net margin of 16.34% and a return on equity of 19.45%. The company's revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.41 earnings per share. Nordson has set its FY 2025 guidance at 10.100- EPS. As a group, research analysts predict that Nordson will post 10.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on NDSN. Oppenheimer boosted their target price on shares of Nordson from $260.00 to $275.00 and gave the company an "outperform" rating in a report on Monday. Jefferies Financial Group reissued a "hold" rating and set a $240.00 target price on shares of Nordson in a research report on Thursday, August 21st. Wall Street Zen raised shares of Nordson from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. KeyCorp upped their price objective on shares of Nordson from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Finally, Robert W. Baird upped their price objective on shares of Nordson from $245.00 to $252.00 and gave the stock a "neutral" rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Nordson presently has an average rating of "Moderate Buy" and an average target price of $255.75.

About Nordson

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.

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